The David Rubenstein Show cover image

Jane Fraser

The David Rubenstein Show

CHAPTER

The First Republic Bank's $5 Billion Capital Deposit Injection

A number of the large banks, 11 of us, got together to put a large capital deposit injection into First Republic Bank. "You don't put $5 billion into the system through the generosity of your own heart," Diamond says. He adds: "We wanted to go and help protect the system, it's in the interest"

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